USDCHF trades flat with positive bias. It hits an intraday high of 0.80891 and is currently trading around 0.080787.
Technical Analysis Points to Further upside
The pair is trading above the 55-EMA, 200 EMA and below 365 EMA on the 4-hour chart indicates a mixed trend. The immediate resistance is at 0.8135 any break above targets 0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8060, any violation below will drag the pair to 0.8040/ 0.8020/0.7980/0.7920/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional movement Index - Neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.80600 with a stop-loss at 0.80250 for a TP of 0.8170/0.8215.
